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Papertrade faces backlash over PAPER token transfer limits amid security fears, shaking market confidence.

Market News
23 Oct 2026
Crypto Briefing
View Source
Bearish
Papertrade faces backlash over PAPER token transfer limits amid security fears, shaking market confidence.

Papertrade, a synthetic perpetuals protocol, is under scrutiny for restricting transfers of its PAPER token due to security concerns about market manipulation. Despite raising about $140 million in deposits, the protocol's decision to limit token transferability has drawn criticism from experts like Delphi Digital's Jason Pagoulatos, who called it a "bad look." This has led to a drop in market confidence, with the probability of Papertrade's Fully Diluted Valuation (FDV) exceeding $25 million falling from 95% to 52% within a week. Investors and the crypto community are closely watching for updates on token transfer policies, governance changes, and potential partnerships that could restore confidence.

Papertrade's PAPER token transfer restrictions are under scrutiny amid security concerns. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Oct 24, 2026 05:21 WIB: 33 of 50 major cryptocurrencies rose today. Balancer (BAL) gained 11.14% to Rp16.297, EOS (EOS.IO) rose 8.13% to Rp12.649, while The Sandbox (SAND) fell 3.94% to Rp928 with a 60% sell order activity.

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